Cases
Paying ocean freight on an import from Asia
LogisticsFreightMultiple currencies
An importer had to pay for ocean shipping and port services in Asia, but the freight payment kept stalling and the containers risked demurrage.
The problem
- The carrier and port required a currency not available directly
- A delayed freight payment threatened demurrage and container downtime
- Several contractors across different jurisdictions were involved
- A single settlement hub was needed for all shipping payments
What we did
- Acted as the payment agent on the logistics contract
- Paid the freight and port fees through an overseas structure
- Consolidated payments to several contractors into one route
- Synced the payment with shipping and cargo-release deadlines
The result
- Freight and port fees were paid under the logistics contract
- The client avoided demurrage and additional shipping costs
- The cargo was released and delivered to the consignee
- Every operation was documented under the contract
Takeaway
A complex logistics chain with multiple contractors and currencies was brought into one payment route — with every operation documented.